Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  TEL AVIV STOCK EXCHANGE  >  Bank Leumi Le Israel BM    LUMI   IL0006046119

BANK LEUMI LE ISRAEL BM (LUMI)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Bank Leumi le-Israel Ltd. : Leumi launches the "Leumi Business Fund", Israel's largest fund for small and medium businesses - totaling NIS 3 billion

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/07/2013 | 03:25pm CEST
Leumi launches the "Leumi Business Fund", Israel's largest fund for small and medium businesses - totaling NIS 3 billion
Bank Leumi announced today the launch of 'Leumi Business Fund' totaling NIS 3 billion - with preferred terms, fast approval track and without unnecessary red tape

The fund is fully owned by Leumi, with no government guarantees. This fact enables customers

the fastest approval track that exists in the system today - within 14 days only.

The Fund is intended for business owners, who are customers of all bank: it grants loans on attractive terms, with a collateral requirement of only 25%. The loans are granted for amounts from NIS 300,000 to NIS 1 million, at an interest rate of Prime + 1.9% per year, with a repayment period of up to five years and an option to defer payments (Grace) for up to one year. The loan process is carried out through an external credit committee (the customer selects one of five companies) and is submitted to the branch for approval. The Fund is intended for small businesses, corporations and licensed dealers, with a turnover of between NIS 1 million and NIS 10 million a year, and a bank indebtedness of up to NIS 5 million. The Fund is primarily intended for businesses with at least one year of existence - but in special cases businesses in the set-up stage may also apply.

Rakefet Russak Aminoach, Leumi President  & CEO: "The launching of 'Leumi Business Fund' is in accordance with Leumi's view that SME's are the core of the economy and its key growth engine. The Fund, totaling NIS 3 billion, will allow credit to be granted on a fast track and at preferential terms. We believe that this move - in addition to its contribution to customers - will also contribute to the entire Israeli economy by encouraging growth and increasing competitiveness."

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BANK LEUMI LE ISRAEL BM
05/24BANK LEUMI LE ISRAEL BM : Leumi Reports Net Profit of NIS 730 Million ($208 Mill..
PR
05/24LEUMI REPORTS RESULTS : Leumi reports a net profit of NIS 730 million ($208 mill..
PU
03/19BANK LEUMI LE ISRAEL BM : Ex-dividend day for interim dividend
FA
03/06BANK LEUMI LE ISRAEL BM : Leumi Reports a Net Profit of NIS 3.2 Billion ($922 mi..
PR
02/28Bank Hapoalim to set aside another $75 million over U.S. tax investigation
RE
01/22BANK LEUMI : Announces Agreement for Strategic Investment Into Bank Leumi : USA,..
BU
01/22BANK LEUMI LE ISRAEL BM : announces agreement for strategic investment into USA,..
PU
2017BANK LEUMI LE ISRAEL BM : Ex-dividend day for final dividend
FA
2017BANK LEUMI LE ISRAEL BM : Leumi Reports a Return on Equity of 10.3% in the Third..
PR
2017BANK LEUMI LE ISRAEL BM : Leumi Reports a Return on Equity of 10.3% in the Third..
PU
More news
News from SeekingAlpha
05/25Bank Leumi Le Israel 2018 Q1 - Results - Earnings Call Slides 
05/24Emerging Value Capital Management Q1 - Howard Hughes Sold, Tesla Short Closed.. 
2017Bank Leumi Le Israel 2017 Q3 - Results - Earnings Call Slides 
2017Bank Leumi Le Israel reports 9M results 
2017Bank Leumi Le Israel reports 1H results 
Financials ( ILS)
Sales 2018 -
EBIT 2018 5 510 M
Net income 2018 3 346 M
Debt 2018 -
Yield 2018 4,12%
P/E ratio 2018 10,08
P/E ratio 2019 8,83
Capi. / Sales 2018 0
Capi. / Sales 2019 0
Capitalization 34 732 M
Chart BANK LEUMI LE ISRAEL BM
Duration : Period :
Bank Leumi Le Israel BM Technical Analysis Chart | LUMI | IL0006046119 | 4-Traders
Technical analysis trends BANK LEUMI LE ISRAEL BM
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 22,1  ILS
Spread / Average Target -3,0%
EPS Revisions
Managers
NameTitle
Rakefet Russak-Aminoach President & Chief Executive Officer
David Brodet Chairman
Martin Droney Chief Operating & Technology Officer
Omer Ziv Chief Financial Officer, EVP & Head-Finance
Yedidia Zvi Stern Independent External Director
Sector and Competitors